In the current year, LaToya formed an equal partnership with Kimberly. LaToya contributed land with an adjusted basis of 50,000 and a fair market value of125,000. LaToya also contributed 75,000 cash to the partnership. Kimberly contributed land with an adjusted basis of125,000 and a fair market value of 130,000. The land contributed by LaToya was encumbered by a70,000 nonrecourse debt. Assume the partners share debt equally. Immediately after the formation, What is the basis of LaToya's partnership interest?